“???”???????,????!??“??”??????????

??

??(? ??????????? ??????????????? ?)?,?????1???31???????????13????????????15????????????,2025???????????????(?????????????????)????60????????????????????????????,??

«???????????????»«???????????1900»«??????????:?????????»?????2025??????????«????????????????:?»«?»«??1900»«???????????»«???????????????????????»«??????????:???????»?????

???,??????????????,?????????????????IP,?????,???

???????????????????

???????????,??,?????????????????????????????«???????1900»??300????????????????,?1900???«??»1:1?????????120?????????????????????????11??????????????????16????“???????”,?????«??»????????«???????:?»????????,????????????????900?????????????50??????????????????????2000???????,????????

??6?????????????????????,???????????????5?????IMAX?CINITY??????????????,?????“?????????????????”?????????????????????????,??????????????????“??”???,????????????????????????

????:???????????,IMAX???????4540????,???«?????????????:????»IMAX??,????40%?????1???????????????29??19?,??IMAX?7000??,??????3808???????,??2.8%?4.1%,?????

???????

???????????????,??????,???«???????????:??????????????»??????,????;«????»????????????,???????;«??»????,????“???????”??????,??????????????????,????,??????,????????????,?????????

?????IP????

????IP(Intellectual Property)?

??????????????“?????????”??2015??,?????2018?2021???????,??????,????“????????????????”?????????????IP??????????????

2019????????«?»??????????50.7??????????,???????,??«????????»???????????,??

2023?«??????»????????????????????,?????????????25???????,?????«?:????????????????????????????????»?????????“????????????????”????????,?????????????

??????????,????,????IP,?????????????,???,??????007????????????????????????????IP?

??????????????????:????????,??IP??????????,??????????,??«????:???»???????,?????IP??

???????????????

2025??,?????????????

?????3300???,??????1???29??????(???)??????????2????????16?????(???????)?????????????????,???,?,??????????300??????????,????250????????

??3800??????????,???????,??20?????????????????????2500??,?4000????????????????,??????????????????????,???????????,???????????????,???????????

??????????????“?”??

????????????????,2024????425.02?????????????????????,????????2024???(2??10?????-2??17?????)????????????????80.16????,????????,????,?????2022-2024????,2024?????????????,??????????????,?????,??2018??????????????10%??2024???19%,??????????????????????????,6?????,?????

?????,????????????,2025????????,???????????2025??85.4????????????????,????????????????6.7%,????????????????,??2025????;????,???????????84???????,????????????????????,????????????????????????????????????????

????,????:

??,?????,???????????????????,??????????????????

????,????,??????????,??????????????????,???????????,?????,??,???????

????????“????????????????”???????“???”???????,????,???«??»?????????,?????,?«??»???50.35???,?????????????????,????????????????????????24??????????,25??????,????????“????????”???????;«???1900»???????,????????????????,??,????2025??,??????,?????????????????9?????9.2??????,???“???????”,????,??????,????“??????”??,??????????????????????2024??????????????????2026???????49???????66.1????????87.3?????????????,???????,????????(??)+??(????)+??????????????????(?)???,????????,?????????????,????????????????????,????????????

2025????????????????????

1?29????(????????)?????18.05????,???3515????????????,??,??2021???????2024????80.16???????????,???????,???????????????????

??????????:«??»??55???,«??1900»???«???????????:???????»???????????????????36???????????15????

??,??????????????????2024???80???,???

??????????????????,????????,?,?????????,??,??IP,?????????,?????????

??????????:?????????

?????????

?????“???”???????,????!??“??”???????????????

????????